All Forum Posts by: Jeremey Allen

Hypothetical question.

Say I got a 4-plex with a 203k at 3.5%. While living in it, I renovated it, and then refinanced. 

Would I keep the 3.5%, or would that change?

What about after a 1031 exchange?

I also like to color match all the hardware in houses. Light switches, door handles, etc. I like the brushed bronze and nickle look. What really matters to me is that all the hardware matches.

As for a vessel sink? I wouldn't trust a tenant with one, unless it was made out of steel. I have personally broken a porcine vessel sink. They are too fragile in my opinion.

I like:

Pergo floors, 

Neutral greyish walls with white trim, Eggshell,

Stainless steel or black appliances,

Granite or laminate counter tops. (Butcher block looks good, but I wouldn't trust tenants to maintain it.)

It looks like you could also use more counter space. I would also cover that ducting. Or maybe paint it the same color as the wall(Could look cheap, I'm not sure.)

YouTube, BP, and Books. 

You could find a successful investor in your area, and ask them. Maybe paint a few houses for them. If and when you build a good enough relationship, ask if you can shadow a deal.

I do all my own cosmetic work so I don't know. But you do bring up a good point. Hopefully someone more knowledgeable on the subject will chime in.

Do you have any updated pictures?

I would go through all of the BiggerPockets podcasts, interviews, and videos on YouTube, then read the top 10 books on the BP reading list. 

Find a deal where the math works out. Do your due diligence

Then act! Just do it!

I am just learning, so take what I say with a grain of salt.

My plan is to Move to Tampa and buy an apartment building with a 203k loan, and live in one of the apartments, while renting out/renovating the others. I think BP calls it "House Hacking."  a few years later, I plan to refinance and roll the equity into another apartment building using a 1031 tax deferral. 

Rinse, Repeat.

I am very new to the game, so like I said, take what I say with a grain...

Are these the same videos that are on YouTube?

Real Estate is the single most tax advantaged investment or business I have found.